Skip to main content

financial sector

3 articles found

JPM: The Fortress Balance Sheet Gets Tested

JPMorgan Chase shares slid to $282.89, down 1.6% today and 16% off their $337.25 all-time high. The largest U.S. bank by assets finds itself caught between two forces: a consumer lending franchise facing mounting credit stress and a capital markets engine that continues to fire on most cylinders. At a $763 billion market cap, JPMorgan is still the undisputed heavyweight — the question is whether the selloff has created a buying opportunity or is a warning. The numbers paint a complicated picture. Full-year 2025 EPS came in at $20.01, and at 14.1x trailing earnings, JPMorgan trades at a discount to the S&P 500. Book value sits at $130 per share, putting the stock at 2.2x book. CEO Jamie Dimon has maintained his "cautiously optimistic" tone, but recent markdowns on private credit loans and warnings about fragile consumers suggest the fortress balance sheet may face its stiffest test since 2020. Q1 2026 earnings arrive on April 14. With retail investor fatigue building amid the [Iran conflict](/posts/2026-03-02/mortgage-rates-jump-as-iran-crisis-fuels-inflation) and legislative proposals to cap credit card rates at 10%, the market wants to know: can JPMorgan's diversification protect margins, or will credit losses accelerate?

stock analysisJPMorgan Chaseearnings analysis

GS: Wall Street's Selloff Creates a Rare Entry Point

Goldman Sachs shares have tumbled 20% from their $984.70 high, landing at $787.52 as the broader financial sector selloff sweeps through Wall Street. The stock dropped another 4.4% today on elevated volume of 3.1 million shares — well above the 2.4 million daily average. Fear is doing the pricing here, not fundamentals. The market is treating Goldman like a leveraged bet on risk appetite, and right now risk appetite is in short supply. The Iran conflict has rattled investor confidence, private credit concerns are mounting, and retail investors are showing persistent fatigue. But strip away the macro noise and what remains is a franchise that just posted $51.32 in [earnings per share](/posts/2026-02-22/deep-dive-what-is-earnings-per-share-eps-the-single-number-that-drives-stock-prices) across 2025 — a record year — trading at 15.3x earnings. That is not expensive for the dominant name in investment banking and trading. With Q1 2026 earnings due April 13, a global M&A backlog exceeding $5.1 trillion, and the stock now sitting below its 200-day moving average of $792, the question is simple: is this a correction you buy, or a breakdown you avoid?

stock analysisGoldman Sachsinvestment banking

GS: Wall Street Is Selling Wall Street Wrong

Goldman Sachs is trading at $792.37 after an 8.6% drawdown that has nothing to do with Goldman Sachs. The financial sector selloff, triggered by the Iran-Hormuz [oil shock](/posts/2026-03-12/oil-shock-wti-surges-past-95-on-hormuz-crisis) and cascading geopolitical anxiety, has dragged GS shares from near $985 to levels that now sit almost exactly on the 200-day moving average. The market is pricing Goldman like a bank with a problem. The earnings say otherwise. Four consecutive quarters of net income above $3.7 billion. TTM EPS of $51.32. Revenue run-rate north of $125 billion. A return on equity that annualizes near 15%. These are not the numbers of a company in distress — they are the numbers of an institution firing on all cylinders while the market panics about oil tanker routes. At 15.4x trailing earnings, Goldman is cheaper than it has been relative to its own earnings power in over a year. The contrarian case writes itself: when Wall Street sells Wall Street on macro fear rather than fundamental deterioration, the snap-back is usually swift and punishing for those who sold. Goldman's Q4 2025 alone generated $14.21 in EPS — nearly a full percentage point of the current share price in a single quarter. The question is not whether Goldman can earn its way through geopolitical noise. It already is.

stock analysisGoldman Sachsearnings analysis